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Federal officials placed 1,000 employees at Voice of America on indefinite paid leave, while severing contracts with Radio Free Asia and other U.S.-funded networks.

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The equal-weighted S&P 500, as measured by the Invesco ETF RSP, held up reasonably well. Click here to read more about my CEF ...

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All of this has taken a toll on U.S. stocks and the U.S. dollar (DX00), and given the advantage to financial markets in Europe and parts of Asia in particular.